Portugal Permanent Residency revisited
Portugal boasts an excellent reputation, with a very high human development index ranking and is considered as one of the world’s most peaceful nations offering its residents a high quality of life. It is among the oldest countries in Europe with a rich history, a lively culture and beautiful countryside. It is a member of the EU.
Residence permits for non-EU citizens can be obtained under either the Golden Residence Permit Programme (via specified investments), or the EU Blue Card (via highly qualified employment).
A Portuguese residence permit offers visa-free travel to the Schengen area. The processing time for residence permit applications is very short, usually a few working days, and the procedure is very straightforward.
The total investment requirement is significantly lower than other residency programmes, positioning Portugal as the country with the lowest total costs amongst other countries. Investment options under the Golden Residence Programme include the transfer of capital with a minimum value of €1 million, the acquisition of real estate with a minimum value of €500,000, or the creation of at least 10 new jobs registered with the social security department.
Both options for residence offer their applicants the opportunity to obtain residence permits for themselves and their family members.
The path to obtaining citizenship is longer than other countries, requiring 6 years of legal residency in Portugal, although with minimal physical presence required. Other than a required period of established residency within the country, minimal other conditions are required for citizenship.
If you wish to know more about the Portuguese residency program globally for yourself or your clients, please contact our Senior business development officer, Daria Ostapengo at email@example.com
for a complimentary consultation.